Chicago

The latest deals, trends, personnel moves and projects in the Midwest region.

Cap rates have fallen, and are now almost even with the overall net lease market.

Industrial markets such as Milwaukee, Nashville, and Cincinnati, among others, have solid population growth, good transportation links, as well as cheaper labor and lower construction costs than big markets like Chicago.

These are just one of the innovations that will become popular this year.

After several years of strong growth and absorption, the numbers have stabilized, although rent growth continues.

Cap rates for suburban multifamily properties sank from 6.1% in the first three quarters of 2016 to 5.2% in 2017, according to KIG.

The latest deals and noteworthy events in the Midwest region.

But supply pressures may lower vacancy in IL as developers in the metro of Chicago have roughly 4,000 rooms under construction, according to Marcus & Millichap.